US, EU and UK tighten sanctions as Nabiullina orders massive rate rise
Bank of Russia implements more emergency measures as currency falls sharply
The US, European Union and UK have banned citizens from transactions with Russia’s central bank, finance ministry and sovereign wealth fund, hours after the Bank of Russia more than doubled policy rates
Central bank governor Elvira Nabiullina held an emergency monetary policy meeting today (February 28), in response to the latest sanctions. Western countries have introduced increasingly severe measures in response to Russian president Vladimir Putin’s decision to invade Ukraine.
The US
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